Octopus

Lothar Mentel, former Octopus chief investment officer, has joined advisory group Paradigm as CIO of its new investment management venture, Tatton Investment Management.

City Financial is to take over management of Octopus Investments' Absolute UK Equity fund in a move which will see manager David Crawford join the group.

SMALL CAPS

Former Close Asset Management executives have launched a property and tax planning investment management business called TIME Investments.

Industry commentators discuss which alternatives have driven performance of their portfolios since January.

Ticketus, the company backed by the Octopus Protected EIS scheme, has withdrawn from discussions with Blue Knights Consortium over a takeover of Glasgow Rangers FC.

The owner of Glasgow Rangers FC has admitted he used the payment for future season ticket sales from Ticketus, the company backed by Octopus Investments' Protected EIS, to complete the takeover of the club.

Octopus Investments has said it is working with the administrators of Glasgow Rangers after one of its investments was caught up in the debacle.

Octopus Investments' chief investment officer Lothar Mentel is leaving the business to pursue other opportunities, Investment Week can reveal.

Octopus Investments has bolstered its multi-manager suite with two launches, adding a global absolute return vehicle and an emerging markets fund.